TLDR
Eric Lamison-White filed a stablecoin patent in 2014 and received it in 2018. The patent describes a two-account system that balances and adjusts the value of both/all the accounts. The concept behind Tether is that it is “tethered” to the value it was converted from. $100 in USD equals $100 of Tether. The invention is based on the observation that parallel meta assets dilute capital, utility and price discovery of the native digital assets such as Bitcoin.via the TL;DR App
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Written by eric-lamison-white | Macroeconomics, Fintech, Emerging Markets, Derivatives | Director @ STS | Seen in TheStreet, INC
